New Delhi: Top crypto tokens were trading sideways on Thursday as investors fretted over new job figures and OPEC oil cuts.
Bitcoin held above the $20,000 mark, whereas Ethereum was seen marching towards the $ 1,400 mark again. However, economic factors including inflation and recession are likely to guide the riskier assets in the near term.
Barring the US dollar-pegged stablecoins and Shiba Inu, all other top crypto tokens were trading higher on Thursday. XRP zoomed more than 4 per cent, whereas Ethereum, Avalanche and Polkadot gained a per cent each.
The global cryptocurrency market cap was trading marginally higher at $972.12 billion, rising less than a per cent in the last 24 hours. However, the total trading volume dropped over one per cent to $59.92 billion.
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